Jack Scoville
About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

DJ CBOT Delivery Intentions: Totals – Jan 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan. 09, 2018 226 Jan 05, 2018
SOYBEAN January Jan. 09, 2018 21 Dec 27, 2017

WHEAT
General Comments: US markets closed a little lower on Friday as the freeze even for the central parts of the US began to fade. Much warmer and above normal temperatures are expected for the Midwest and Great Plains for most of this week. The cold temperatures seen through last week has likely damaged some crops in the Great Plains, and mostly in Kansas. It also remains dry in most of the Great Plains. The crops in the region are not well established, and the cold had come with little snow cover to protect the crops. Less concern was heard about Midwest crops. The daily and weekly charts show that Winter Wheat trends are turning up. The weekly charts show that winter wheat price trends are sideways. USDA will issue its Winter Wheat plantings reports along with new supply and demand estimates on Friday. Price Group expects all Winter Wheat area at only 30.65 million acres. Hard Red Winter area could be 21.89 million acres and Soft Red Winter area could be 21.89 million acres. Quarterly stocks could be about1.835 billion bushels, and USDA should leave its ending stocks estimates unchanged at 960 million bushels.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should trend to above normal. Northern areas should see mostly dry weather, but light precipitation is possible on Saturday. Temperatures should be below normal. The Canadian Prairies should see mostly dry weather. Temperatures should average much below normal in the east and above normal in the west.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 462 and 486 March. Support is at 428, 424, and 421 March, with resistance at 437, 443, and 445 March. Trends in Kansas City are mixed to up with objectives of 446, 462, and 464 March. Support is at 424, 418, and 416 March, with resistance at 442, 451, and 486 March. Trends in Minneapolis are mixed. Support is at 617, 612, and 611 March, and resistance is at 632, 646, and 651 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 626,431
: Positions :
: 95,206 241,531 181,711 145,357 125,898 157,870 30,004 580,145 579,144: 46,286 47,287
: Changes from: December 26, 2017 (Change in open interest: 3,917) :
: -810 -13,775 8,875 -4,109 6,782 1,191 1,989 5,146 3,871: -1,230 45
: Percent of Open Interest Represented by Each Category of Trader :
: 15.2 38.6 29.0 23.2 20.1 25.2 4.8 92.6 92.5: 7.4 7.5
: Total Traders: 457 Number of Traders in Each Category :
: 123 164 150 97 98 27 17 344 346:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-HRW – CHICAGO BOARD OF TRADE
CFTC Code #001612 Open Interest is 343,536
: Positions :
: 94,062 121,773 53,982 107,147 132,170 60,632 14,318 315,824 322,243: 27,712 21,293
: Changes from: December 26, 2017 (Change in open interest: 827) :
: 3,125 -956 -1,199 -4,143 3,703 1,690 -470 -527 1,078: 1,355 -251
: Percent of Open Interest Represented by Each Category of Trader :
: 27.4 35.4 15.7 31.2 38.5 17.6 4.2 91.9 93.8: 8.1 6.2
: Total Traders: 309 Number of Traders in Each Category :
: 97 74 85 84 78 22 9 246 212:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 2, 2018
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
WHEAT-HRSpring – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 69,327 :
: Positions :
: 30,150 35,072 2,880 0 1,719 7,242 5,420 4,871 6,929 6,441 3,095 :
: Changes from: December 26, 2017 :
: -104 -1,691 -30 0 150 -222 -193 -211 -365 -123 9 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.5 50.6 4.2 0.0 2.5 10.4 7.8 7.0 10.0 9.3 4.5 :
: Number of Traders in Each Category Total Traders: 102 :
: 49 39 4 0 4 14 6 4 13 10 13 :
—————————————————————————————————————-

RICE
General Comments: Rice prices closed higher and trends became more neutral on the charts at the close of the week. Weekly charts still show down trends. The recovery once again came at the end of the day and took just a few minutes to complete as there was no selling interest seen. The Price action from the last couple of days last week would imply that bearish traders have pushed the market to low enough levels and that at least a more two-sided trade can be expected this week. The cash market remains rather quiet so a further move lower is possible. Futures market fundamentals have not really changed, but traders are leaving the market as the open interest has been dropping. The situation for Rice remains somewhat bullish at this time. USDA will issue its latest production and supply and demand reports on Friday. Little overall changer is expected on production. Demand has been at least as strong as expected and USDA could increase export demand slightly and reduce ending stocks slightly.
Overnight News: The Delta should get mostly dry weather, but light rain is expected on Sunday. Temperatures should be below too much below normal.
Chart Analysis: Trends are mixed. Support is at 1170, 1161, and 1152 March, with resistance at 1192, 1195, and 1200 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 2, 2018
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 10,088 :
: Positions :
: 6,521 5,598 157 0 0 550 1,569 0 782 1,036 352 :
: Changes from: December 26, 2017 :
: -59 -517 6 0 0 -114 692 -81 81 -406 -160 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.6 55.5 1.6 0.0 0.0 5.5 15.6 0.0 7.7 10.3 3.5 :
: Number of Traders in Each Category Total Traders: 54 :
: 16 14 . 0 0 . 8 0 10 8 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed near unchanged and chart trends appear to be sideways on the daily charts. Oats were higher and trends are turning up in that market on the daily charts. Weaker demand news from exports and ethanol hurt the Price action in Corn late last week. There are hopes for increased Corn demand from the export market due to cheap prices, and ethanol demand remains good. However, ethanol production was lower in the latest reports, and ethanol stocks were higher, implying a slower processing rate again in the next report.. Ideas are that the current cold weather can create additional feed demand as more feed is needed for weight gain in the extreme cold and as some Winter Wheat in the region was lost due to Winterkill. More moderate temperatures are in the forecast for this week and many cattle areas will see above normal readings for the first time in a couple of weeks. The trade continues to monitor the dry weather in southern Brazil and Argentina. Forecasts for this week are mostly hot and dry. Some crop losses are increasingly possible and the La Nina conditions imply short soil moisture conditions for most of the growing season. USDA will issue its latest production and supply and demand estimates at the end of the week. Price Group expects USDA to estimate Corn production a little lower at 14.453 billion bushels on a yield of 173.9 bushels per acre. Ending stocks should be near 2.263 billion bushels.
Overnight News: Mexico bought 102,100 tons of US Soybeans.
Chart Analysis: Trends in Corn are mixed. Support is at 349, 346, and 343 March, and resistance is at 354, 360, and 361 March. Trends in Oats are mixed to up with objectives of 255, 260, and 264 March. Support is at 2453, 239, and 236 March, and resistance is at 253, 257, and 260 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
CORN – CHICAGO BOARD OF TRADE
CFTC Code #002602 Open Interest is 1,851,952
: Positions :
: 230,211 462,300 434,166 549,513 676,050 397,136 68,521 1,611,027 1,641,037: 240,925 210,914
: Changes from: December 26, 2017 (Change in open interest: -970) :
: -2,268 -9,095 3,847 -10,670 162 7,858 5,069 -1,233 -17: 263 -953
: Percent of Open Interest Represented by Each Category of Trader :
: 12.4 25.0 23.4 29.7 36.5 21.4 3.7 87.0 88.6: 13.0 11.4
: Total Traders: 815 Number of Traders in Each Category :
: 174 175 200 353 344 30 19 668 639:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 2, 2018
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 7,053 :
: Positions :
: 1,738 4,569 208 0 0 420 459 0 2,104 261 478 :
: Changes from: December 26, 2017 :
: 110 -108 15 0 0 -205 204 0 48 122 25 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.6 64.8 2.9 0.0 0.0 6.0 6.5 0.0 29.8 3.7 6.8 :
: Number of Traders in Each Category Total Traders: 31 :
: 7 11 . 0 0 . . 0 4 7 6 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were slightly higher, but Soybean Oil closed a little lower. Speculative short covering and ideas that Soybeans production in southern Brazil and Argentina are still suffering from dry weather are still the main features of the market. Speculators remain very short in Soybeans and Soybean Meal and are trying to reduce these positions. It has been hot and dry in southern Brazil and Argentina areas, and forecasts for this week call for drier and hotter conditions again. US prices are now cheap enough that China is buying much more from the US, and it might continue to buy depending on the growing conditions the rest of the year in southern South America soybean Oil is expecting to see increased demand as the tariffs on imports from Argentina and Indonesia for vegetable oils and bio fuels becomes effective. Higher petroleum prices are also a support factor with all of the political problems in Venezuela and now Iran. USDA will issue its production and supply and demand estimates on Friday. Price Group expects production near 4.425 billion bushel son an average national yield of 49.5 bushels per acre. Soybeans quarterly stocks are estimated at 3.150 billion bushels and ending stocks are estimated at 470 million bushels.
Overnight News: Egypt bought 120,000 tons of US Soybeans and unknown Destinations bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 990 and 1011 March. Support is at 969, 963, and 959 March, and resistance is at 977, 979, and 988 March. Trends in Soybean Meal are mixed to up with objectives of 325.00 and 331.00 March. Support is at 319.00, 316.00, and 315.00 March, and resistance is at 326.00, 329.00, and 331.00 March. Trends in Soybean Oil are mixed to up with objectives of 3500 and 3640 March. Support is at 3360, 3330, and 3300 March, with resistance at 3410, 3430, and 3450 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 814,798
: Positions :
: 86,888 191,918 178,433 342,383 310,523 147,229 40,746 754,933 721,620: 59,865 93,178
: Changes from: December 26, 2017 (Change in open interest: -26,424) :
: -6,004 17,825 -15,874 -6,897 -27,317 2,383 2,576 -26,392 -22,789: -33 -3,635
: Percent of Open Interest Represented by Each Category of Trader :
: 10.7 23.6 21.9 42.0 38.1 18.1 5.0 92.7 88.6: 7.3 11.4
: Total Traders: 618 Number of Traders in Each Category :
: 159 164 218 177 207 28 18 479 520:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE
CFTC Code #007601 Open Interest is 468,013
: Positions :
: 91,192 90,603 100,080 126,377 227,524 116,816 18,948 434,466 437,154: 33,547 30,859
: Changes from: December 26, 2017 (Change in open interest: -7,629) :
: 103 -2,653 8,991 -16,255 -15,760 1,199 628 -5,961 -8,793: -1,667 1,165
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 19.4 21.4 27.0 48.6 25.0 4.0 92.8 93.4: 7.2 6.6
: Total Traders: 314 Number of Traders in Each Category :
: 87 83 101 79 79 24 11 248 232:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 02, 2018
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE
CFTC Code #026603 Open Interest is 414,796
: Positions :
: 69,515 48,818 73,057 123,936 246,465 106,698 18,590 373,206 386,930: 41,589 27,865
: Changes from: December 26, 2017 (Change in open interest: -10,551) :
: -5,587 4,944 435 -5,730 -19,453 -1,095 1,520 -11,977 -12,554: 1,426 2,003
: Percent of Open Interest Represented by Each Category of Trader :
: 16.8 11.8 17.6 29.9 59.4 25.7 4.5 90.0 93.3: 10.0 6.7
: Total Traders: 274 Number of Traders in Each Category :
: 72 60 87 86 79 23 13 232 202:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a Little lower Friday as the market watches Brazil and as vegetable oils worldwide are showing price strength and also the Canadian Dollar that has moved higher. Canola rallied on the ongoing dryer than normal weather in Argentina and southern Brazil that might hurt yields and production potential in affected areas. Farmers are storing crops now as the harvest is over and as they wait for higher prices, but elevators and crusher appear to have good supplies right now. Palm Oil was higher on news that the Malaysian government had suspended export taxes on Crude Palm Oil. The market has been strong recently due to good export demand, so the elimination of taxes should mean higher prices paid internally to producers and processors. Speculators appeared to be the best buyers as chart trends turned up. Recent export data from the private surveyors showed that exports were above month ago levels for the first time in several months. Ideas are that production could be as strong as in any month in the last couple of years. There is a lot of talk that supplies are more than adequate for demand.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 485.00 March. Support is at 490.00, 485.00, and 484.00 January, with resistance at 500.00, 502.00, and 507.00 January. Trends in Palm Oil are up with objectives of 2690 and 2830 March. Support is at 2550, 2510, and 2490 March, with resistance at 2610, 2630, and 2650 March.

DJ Canadian Oilseed Processors Association Weekly Crush – Jan 5
WINNIPEG–The Canadian Oilseed Processors Association reported
the Canadian oilseed crush for the week ended Jan. 3, 2018 as
follows:
Figures are in metric tons. R-denotes revision.
Cumulative

Week 2017/18 2016/17 2017/18 2016/17
Ended Canola Sybns
Jan 03 174,189 3,936,557 3,993,515 28,901 798,502 836,186
Dec 27 178,712 3,767,283 3,793,451 45,974 777,009 809,945
Dec 20 201,677 3,588,571 3,597,531 31,042 731,035 780,871
Dec 13 182,592 3,386,894 3,386,894 50,025 699,993 733,769
Dec 06 196,846 3,204,411 3,246,678 32,763 651,563 697,403
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 78.5% 85.5% 89.4%
Soybeans 43.9% 58.5% 60.8%
Source: Commodity News Service Canada (cnscanada@shaw.ca,
204-414-9084)

DJ Canadian Grain Handling Summary – Jan 5
WINNIPEG–The following are Canadian grain handling summary statistics
for the two-week period ended December 31, 2017. Figures in thousands of
metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2859.2 610.1 188.9 279.8 76.7 1230.5 273.9 88.3 6329.1
Week ago 3094.1 652.8 206.5 320.6 103.7 1454.4 285.6 143.1 7154.6
Year ago 2299.3 743.7 190.4 186.3 77.1 1488.7 251.7 253.5 6265.0
PRODUCER DELIVERIES
This Week 444.9 83.7 73.0 60.7 10.7 585.5 29.1 29.1 1388.6
Week Ago 387.1 91.2 41.8 63.9 16.8 475.2 38.8 18.3 1216.2
To Date 7759.2 1611.0 1042.3 1256.3 210.6 8904.1 1388.3 242.6 24646.0
Year Ago 7300.1 2082.7 931.7 1035.5 177.5 8842.7 2317.6 164.1 25478.1
TERMINAL RECEIPTS
This Week 504.0 196.0 0.8 38.8 22.3 427.3 26.9 44.1 1464.4
Week Ago 337.4 122.9 4.3 45.1 9.4 282.1 26.0 45.5 1149.7
To Date 8027.8 2148.5 76.7 737.9 131.3 5088.7 916.2 414.5 21729.4
Year Ago 8305.1 2379.9 126.0 439.7 115.4 4912.1 1809.4 381.1 22914.4
EXPORTS
This Week 423.4 119.4 56.4 47.5 32.3 413.9 22.9 81.0 1594.3
Week Ago 367.4 87.3 33.2 47.7 10.0 375.7 4.2 70.8 1137.3
To Date 6610.1 1593.9 711.0 772.1 154.1 4624.0 952.8 375.3 18679.9
Year Ago**5809.9 1607.8 574.0 381.2 139.9 4149.1 1884.4 239.7 18188.8
DOMESTIC DISAPPEARANCE – Note: Crop year to date upward revision for canola
This Week 139.1 30.1 5.4 41.0 1.2 388.9 8.8 34.5 710.8
Week Ago 105.8 25.2 4.5 26.8 1.7 186.4 5.0 17.8 456.9
To Date 2231.7 354.0 108.4 531.2 23.4 3955.5 93.6 306.1 9036.6
Year Ago**1276.9 128.2 181.7 575.5 22.4 4004.6 68.9 194.7 6953.6
*Totals include data from other crops not shown including rye soybeans
canary seed mustard seed beans lentils and chickpeas.
**Year Ago values for domestic disappearance and exports do not include
producer car volumes.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

Trade Estimates for the Monthly MPOB Supply and Demand Report:
Observation period : December
Frequency : Monthly
Release date : Wednesday, 10 Jan
Forecast as follows:
Production – 1.82 mil tonnes, Down 6.6%
Exports – 1.46 mil tonnes, Up 7.8%
Ending Stocks – 2.69 mil tonnes, Up 5.1%
Prior reading as follows:
Production – 1.94 mil tonnes, Down 3.3%
Exports – 1.35 mil tonnes, Down 11.9%
Ending Stocks – 2.19 mil tonnes, Up 16.0%

Midwest Weather Forecast: Very cold with some chances for Snow from Thursday to Sunday Warm and wet next week..

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January 43 March 245 March 50 March 48 March 1-Mar
February 42 March 50 March 36 March
March 42 March 54 March 36 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
January minus 15 March
February 80 March minus 15 March
March 68 May minus 16 March
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jan 5
Winnipeg–The following are the
closing cash grain prices from ICE Futures Canada.
Values are based on the commodity being delivered at
Thunder Bay, Ontario, unless otherwise noted. Source: ICE
Futures Canada
Price Change
CANOLA
*Par Region 480.90 up 4.30
Basis: Thunder Bay
1 Can 508.20 up 0.70
2 Can 495.20 up 0.70
Basis: Vancouver
1 Can 524.20 up 0.70
2 Can 511.20 up 0.70
FEED WHEAT
Lethbridge 222.00 up 1.00
WESTERN BARLEY
Lethbridge 220.00 up 2.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-
9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – January 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 662.50 +05.00 Unquoted – –
Feb 667.50 +02.50 Unquoted – –
Mar 675.00 +05.00 Unquoted – –
Apr/May/Jun 677.50 +02.50 Unquoted – –
Jul/Aug/Sep 670.00 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 665.00 +05.00 Unquoted – –
Feb 670.00 +02.50 Unquoted – –
Mar 677.50 +05.00 Unquoted – –
Apr/May/Jun 680.00 +02.50 Unquoted – –
Jul/Aug/Sep 672.50 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 670.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 635.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 2,580 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 320.00 +05.00 Unquoted – –
($1=MYR3.9937)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 08
Soybean No. 1
Turnover: 105,650 lots, or 3.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,060 3,185 3,050 3,185 3,059 3,112 53 1,140 5,502
Mar-18 3,146 3,247 3,140 3,245 3,138 3,209 71 4,926 11,872
May-18 3,677 3,690 3,652 3,688 3,676 3,673 -3 94,634 233,268
Jul-18 – – – 3,691 3,691 3,691 0 0 4
Sep-18 3,776 3,776 3,708 3,738 3,732 3,728 -4 4,712 15,906
Nov-18 – – – 3,738 3,738 3,738 0 0 4
Jan-19 3,807 3,820 3,796 3,811 3,817 3,813 -4 150 1,424
Mar-19 – – – 3,859 3,859 3,859 0 0 6
May-19 3,889 3,901 3,889 3,900 3,903 3,896 -7 88 110
Corn
Turnover: 728,622 lots, or 13.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,946 1,946 1,832 1,835 1,837 1,863 26 540 6,746
Mar-18 1,840 1,845 1,825 1,834 1,825 1,834 9 13,330 24,836
May-18 1,855 1,855 1,824 1,825 1,855 1,837 -18 625,132 1,116,082
Jul-18 1,844 1,845 1,827 1,830 1,848 1,834 -14 334 1,060
Sep-18 1,809 1,812 1,798 1,799 1,814 1,805 -9 89,082 273,182
Nov-18 1,807 1,808 1,798 1,798 1,810 1,801 -9 204 796
Soymeal
Turnover: 621,706 lots, or 17.25 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 2,790 2,842 2,790 2,817 2,820 2,816 -4 354 700
Mar-18 2,827 2,828 2,816 2,818 2,827 2,824 -3 12,724 4,926
May-18 2,785 2,786 2,766 2,767 2,766 2,773 7 532,642 1,965,854
Jul-18 2,781 2,788 2,777 2,777 2,775 2,778 3 68 736
Aug-18 – – – 2,764 2,764 2,764 0 0 136
Sep-18 2,778 2,779 2,761 2,761 2,764 2,767 3 75,796 353,450
Nov-18 2,777 2,778 2,769 2,769 2,767 2,773 6 108 618
Dec-18 2,787 2,795 2,755 2,766 2,722 2,772 50 14 24
Palm Oil
Turnover: 238,934 lots, or 12.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 – – – 5,128 5,178 5,128 -50 0 3,524
Feb-18 – – – 5,212 5,212 5,212 0 0 6
Mar-18 – – – 5,284 5,284 5,284 0 0 2
Apr-18 – – – 5,360 5,360 5,360 0 0 20
May-18 5,348 5,354 5,294 5,308 5,362 5,322 -40 221,340 485,334
Jun-18 – – – 5,396 5,396 5,396 0 0 8
Jul-18 – – – 5,316 5,316 5,316 0 0 0
Aug-18 – – – 5,332 5,332 5,332 0 0 2
Sep-18 5,370 5,372 5,308 5,322 5,386 5,334 -52 17,594 65,144
Oct-18 – – – 5,274 5,324 5,274 -50 0 0
Nov-18 – – – 5,366 5,366 5,366 0 0 10
Dec-18 – – – 5,418 5,418 5,418 0 0 0
Soybean Oil
Turnover: 357,874 lots, or 20.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 5,416 5,416 5,400 5,400 5,478 5,422 -56 702 4,896
Mar-18 5,524 5,524 5,524 5,524 5,538 5,524 -14 2 50
May-18 5,808 5,822 5,740 5,756 5,818 5,778 -40 325,582 893,520
Jul-18 – – – 5,780 5,780 5,780 0 0 6
Aug-18 5,868 5,868 5,868 5,868 5,928 5,868 -60 2 10
Sep-18 5,950 5,956 5,884 5,902 5,960 5,914 -46 31,586 88,590
Nov-18 – – – 6,016 6,016 6,016 0 0 10
Dec-18 – – – 5,936 5,936 5,936 0 0 0
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.
Questions? Ask Jack Scoville today at 312-264-4322

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The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2018

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